Bitcoin Bull Novogratz Doubles Down On Crypto, Now Owns 80% Of Galaxy Digital

Mike Novogratz, formerly of Fortress Financial, went all-in on crypto following his stint at Wall Street giant Fortress Investments. After retiring from the investment group in 2015, rumor has it that he went on a personal journey, finding Bitcoin (BTC) in the process. And since then, he has only expressed his support for this nascent asset class, once stating that he held 20% of his personal net worth in BTC and Ether (ETH).

Novogratz has also launched his own crypto-centric company, which has been dubbed “Galaxy Digital.” New York-headquartered Galaxy Digital, listed on the Toronto Stock Exchange (venture) as GLXY.TSXV instead of the Nasdaq or other American indices, is a full-service digital assets merchant bank, with distinct trading, assets management, advisory, and principal investment arms. Rumor has it that much of the company was backed by Novogratz’s wealth, but reports from Bloomberg have claimed that he’s not done buying shares just yet, as he continues to put his money where his mouth is, so to speak.